Constantin CHRISTIDIS, Ind. on Behalf of Himself and All Others Similarly Situated
v.
FIRST PENNSYLVANIA MORTGAGE TRUST; Associated Advisers, Inc.: First Pennsylvania Corporation; First Pennsylvania Bank, N.A.; Peat, Marwick, Mitchell & Co.; John R. Bunting; Ralph W. Erwin, Jr.; Anthony G. Felix, Jr.; Philip C. Ehlinger; Samuel Evans, III; Daniel S. Ahearn; Edmund N. Bacon; Richard W. Baker, Jr. and M. Todd Cooke.
Appeal of Constantin CHRISTIDIS.
United States Court of Appeals, Third Circuit.https://leagle.com/images/logo.png
Argued August 1, 1983.
Decided September 12, 1983.
Rehearing and Rehearing Denied October 6, 1983.
Attorney(s) appearing for the Case
Stephen G. Console, Lewis Kates (argued), Kates, Livesey & Mazzocone, P.C., Philadelphia, Pa., for appellant.
Robert S. Ryan (argued), Lawrence P. Byrnes, Drinker, Biddle & Reath, Philadelphia, Pa., for appellees, Samuel Evans, III, Daniel S. Ahearn, Edmund N. Bacon, Richard W. Baker, Jr. and M. Todd Cooke.
Joseph W. Swain, Jr. (argued), Philadelphia, Pa., Victor M. Earle, III, Anthony J. Costantini, New York City, for appellee, Peat, Marwick, Mitchell & Co.; John E. Caruso, Mary F. Platt, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., of counsel.
Edward F. Mannino (argued), Carl G. Roberts, Marguerite S. Walsh, Dilworth, Paxson, Kalish & Kauffman, Philadelphia, Pa., for appellees, First Pennsylvania Corp., First Pennsylvania Bank N.A. and Associated Advisers, Inc.
Charles A. Crocco, Jr., Lunney & Crocco, New York City, for appellee, First Pennsylvania Mortg. Trust.
Matthew M. Strickler, Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for appellees, Ralph W. Erwin, Jr., Philip C. Ehlinger and Anthony G. Felix, Jr.
Howard Gittis, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for appellee, John R. Bunting.
Before GIBBONS and HUNTER, Circuit Judges, and COHEN, District Judge.
United States Court of Appeals, Third Circuit.
Rehearing and Rehearing In Banc Denied October 6, 1983.
OPINION OF THE COURT
GIBBONS, Circuit Judge:
Constantin Christidis appeals from a final judgment dismissing his third amended class action complaint for failure to state a cause of action. The complaint seeks money damages on behalf of a class of purchasers of shares of First Pennsylvania Mortgage Trust (the Trust) who purchased shares on or before December 29, 1977. It alleges that in issuing...
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